EE boost BT revenues at latest financials

 EE boost BT revenues at latest financials

BT’s revenue jumped 35% thanks to the addition of EE, its first quarter results revealed.

The telecoms giant reported 35% revenue growth, with EE bringing in the 1,243m for BT.

The operator was the third highest earning business unit for BT behind its Openreach and Global services divisions.

This week it received a boost with the news that the infrastructure division would not be legally separated.

Paterson heralds strong start

Speaking at BT’s results Group CEO Gavin Paterson reacted to both the strong start and the Ofcom decision: ‘We’ve made a good start to the year, with growth in revenue and strong cash flow. We’re on track to deliver our full year outlook. Our integration of EE is progressing well, alongside our business reorganisation that took effect on 1 April.

'EE performed strongly, both financially and commercially, and our customers are seeing the initial benefits of our acquisition with BT Sport now available to EE pay monthly customers. We remain focused on improving customer experience and 100% of EE pay monthly calls are now handled in UK and Ireland contact centres. We’ve reduced engineer missed appointments by more than a third since last quarter and Openreach is again ahead on all 60 minimum service levels set by Ofcom.

 

‘Having listened to Ofcom and industry, we have set out our proposals for greater independence and transparency for Openreach. Our proposals can form the basis for a fair, proportionate and sustainable regulatory settlement and we believe they can also enable Ofcom to bring its Digital Communications Review to a speedier conclusion. We will continue to engage with Ofcom over the coming months.”

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